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Insureon launches MGA with $3bn of Lloyd’s capacity

21 July 2016

US online insurance agency Insureon has launched a managing general agent backed by $3bn of capacity from Lloyd's syndicates to provide coverage for coastal homeowners, including for named storms.

Polices from Insureon Underwriting Managers will only be offered to Insureon clients via its wholesale brokerage subsidiary Insurance Noodle.

"We saw a big appetite in the market for hard-to-place and unique risks that primary carriers don't want," said Ted Devine, CEO of Insureon Holdings.

"Insureon's primary carriers write 80 percent of...


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